Netflix Stock Dips Below $1,100, Trades Lower Friday Afternoon
LOS GATOS, Calif. – Shares of Netflix Inc (NASDAQ: NFLX) experienced a downturn during Friday’s trading session, falling below the key $1,100 level by early afternoon after a volatile morning.
As of 1:19 PM GMT-4 on April 28th, the streaming entertainment company’s stock was trading at 1,096.50 USD. This represents a decline of -5.03 USD, or 0.46 percent, from the previous closing price of 1,101.53 USD.
The trading day began with Netflix opening slightly lower at 1,100.00 USD. The stock showed early strength, surging to an intraday high of 1,110.61 USD, a significant level as it precisely matched the established 52-week high. However, this peak was short-lived, and the shares subsequently pulled back sharply, hitting an intraday low of 1,082.62 USD. The current price reflects a partial recovery from that low point but remains firmly in negative territory for the day.
Netflix’s current share price is now trading just below its 52-week high, while remaining substantially above its 52-week low of 544.25 USD. The company holds a Price-to-Earnings (P/E) ratio of 51.81 and does not currently offer a dividend yield to investors.
Market participants continue to watch Netflix’s performance closely within the competitive streaming and technology sectors.
